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Remember those social studies classes back in the day when your teacher first talked about one person having multiple roles? A woman could be a sister, daughter, mother, friend, athlete, community advocate, manager, colleague, advisor, entrepreneur, and more. What a concept to a 10 year old. As modern adults, most of us play at least that many roles now and most use our technology devices, smart phones, notepads, computers, and others, to help …

Over the past few years, all of us have watched as Health Care Reform, President Obama’s primary running platform, has fought it’s way through the legislative branch. The Patient Protection and Affordable Care Act, dubbed “ObamaCare”, was signed into law by President Obama on March 23rd, 2010. Since then, the bill has continued to be the source of much controversy and recently has been a large catalyst in the stalemate in congress that led to …

Having well maintained financial records of your business is important in order to run it successfully. Financial statements are the windows into your business’ fiscal workings. Knowing how to analyze them is key to budgeting and pinpointed areas of waste. On October 23rd, the MI-SBTDC will be conducting a class centered around the financial statement and how to mine the most useful information from it. It is intended for business owners and key staff who …

April Boyle talks about some of the resources D:Hive has to offer Detroit based Entrepreneurs. Brandon Christopher, founder of Canvas X Detroit, also talks about his experience in D:Hive’s “Pilot” program.

You may think you know your story. You may even know details and dates that are important parts of it. But I’m willing to bet you don’t know the whole story, even though you’ve lived it. In a way, we are better experts on other people’s lives, businesses and communities than we are on our own. That’s because the unbiased perspective without emotions entangled in the telling is what creates connections and encourages relationships that …

Dreaming of launching a retail business in Detroit? You’re in luck. Resources abound to support your efforts. Planning to capital, it’s here. It’s generally advised, when considering the launch of a new business venture, you do the research and planning required to prove your concept; you test the concept whenever possible; and you secure proper funding to support the project. The following 3 Detroit resources can potentially provide all those things to aspiring retail entrepreneurs. …

Does Your Community Have a Business Librarian? The answer is yes, most likely, your community does have a librarian dedicated to helping entrepreneurs and established business owners with their many challenging questions. Have you ever considered calling your local librarian with a tough question? FYI, the harder the question, the better. Tough research is like a drug for us, seriously. Here are a few tough questions for you. How will you decide which products and …

I always tell small business owners that if they can secure bank financing to meet their working capital needs, by all means, go for it. Banks have their purpose, but as many small- to mid-size companies have discovered, they aren’t always in a position to lend. That’s where non-bank lenders come in. They offer options such as factoring and asset-based lending, which frequently allow companies to say “yes” to new opportunities that wouldn’t otherwise be …